Revenues of Bulgaria's Telco BGN 1 B in 2002
The revenues of slated for privatization Bulgarian Telecommunications Company are BGN 1 B in 2002, the expected after-tax profit is BGN 260 M. That was announced by Transport Minister Petrov.
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The revenues of slated for privatization Bulgarian Telecommunications Company are BGN 1 B in 2002, the expected after-tax profit is BGN 260 M. That was announced by Transport Minister Petrov.
The Israeli construction company Ashtrom together with partner Roichman Bros expects to be contracted as the builder of Bulgaria's Trakiya highway. The consortium is among the short-listed 22 bidders in the tender of the Road Agency for construction of lo
A total of 27.44 kg of cocaine was seized at Kapitan Andreevo border check point some three hours after midnight on Wednesday.
Finance Minister Milen Velchev said that in case that the talks with the IMF mission to Bulgaria went well, there would be an agreement with the Fund this week. The IMF mission, lead by Jerald Schiff, arrived on Monday to smooth disagreements regarding th
A EUR 7 M will be released under PHARE project for restoration and conservation of culture sites, to be approved in January, the Bulgarian News Agency reported. A financial memorandum was signed in late 2001 and the project is due to be completed in 2004.
Bulgarian students will not be required to pass obligatory matriculation exams for the 2002/2003 school year. That was announced by Education Minister Vladimir Atanassov, who took part in the meeting of the parliamentary groups of ruling party Simeon II N
The World Bank approved a USD 50 M loan for a Social Investment and Employment Promotion Project (SIEP) in Bulgaria. The project aims to improve the living standard of people in poor Bulgarian regions, among long-term unemployed and ethnic minorities.
Bulgaria's Cabinet will consider on Thursday a proposal for lifting the ban on the completion of Belene Nuclear Power Plant, to be moved by Energy Minister Milko Kovachev. The project for the construction of Belene N-plant near the Danube port of Belene,
Privatisation Agency (PA) protested against parliamentary proposal to take off the Navigation Maritime Bulgare and Bulgarian River Shipping Corporation off the privatisation list. According to the PA, the privatisation procedure has started and if suddenl
The Sofia City Court postponed the hearing of the two claims of Israeli businessman Gad Zeevi, owner of 75 percent-stake in Bulgaria's bankrupt flag carrier Balkan Airlines. In October 2001, the Sofia District Court took Zeevi off the list of the airline'
There are options for concluding Bulgartabac deal, Deputy Prime Minister and Economy Minister Vassilev said, but declined to specify them. The comment comes in the wake of December 16 ruling of Bulgaria's highest administrative court, which upheld the can
Navan Chelopech and Bimak, daughter companies of Irish Navan Mining Plc. in Bulgaria, are not in any insolvency process and continue to trade and operate as normal under their own existing management, Ernst & Young LLP London announced.
Minimum pay in Bulgaria will see an increase by 10 percent in 2003, Deputy Finance Minister Krassimir Katev announced December 17. The National Council for Tripartite Cooperation approved the Cabinet's draft for regulation, which sets the minimum salary f
Rosbulgartabac will continue its participation in the privatisation procedure for 80% stake in state-owned company Bulgartabac Holding, Tihomir Trendafilov, representative of the consortium told local Darik Radio. The comment comes a day after a five-memb
Projects implemented by the Transport Ministry over the year are worth over BGN 1 B, Transport Minister Plamen Petrov told private national TV channel bTV. According to Minister Petrov the biggest challenge during 2002 was the selection of teams to handle
Municipalities' outstanding liabilities will tower at BGN 100 M at the end of the year, while deficit will exceed BGN 300 M in 2003. Venelin Uzunov, chair of the National Association of Municipalities in the Republic of Bulgaria (NAMRB), said that after d
Bulgaria and China agreed to create a joint trade association to assist cooperation of businesses from both countries. The association was geared during a Sino-Bulgarian economic forum opened in Beijing by Bulgaria's Parliament Speaker Ognyan Gerdzhikov.
The chief executives of the eight branches of defence plant TEREM will be barred from signing contracts with foreign partners for some time. The ban cames as a part of deterrent value measures introduced by Bulgaria's Cabinet in the wake of the arms scand
The Sofia City Court will hear the two claims of Israeli businessman Gad Zeevi, owner of 75% of Bulgaria's bankrupt flag carrier Balkan Airlines. In February 2001, he brought a suit for USD 230 M against the Privatisation Agency for breaching the privatis
A five-member panel of the Supreme Administrative Court confirmed the decision of the three-member panel of the same court on the lawsuit filed against the choice of buyer for an 80% stake in state-owned company Bulgartabac Holding. In its October 29 ruli
The positions of the International Monetary Fund and the Bulgarian government come closer. That was announced by Jerald Schiff, head of the IMF mission to Bulgaria upon his arrival in Sofia.
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